[INVESTMENT] MEMO - 31.05.2021

ONE YEAR ANNIVERSARY

Today is the last day of May 2021. And I have been using eToro as my platform for investing in USA and Hong Kong companies since May 2020.

May 2021 is the one year anniversary of me using eToro to invest companies listed in USA and Hong Kong.

CRYPTOCURRENCY

Lately in may 2021, I looked into and invested in cryptocurrency. The reason of my investment into cryptocurrency is simple, I strongly believe that XRP can potentially turn into a valuable “currency” in the next few years because cryptocurrency may be potentially the future due to its demand and innovation.

Though governments all the around the world have been regulating and limiting the usage of cryptocurrency to the prevent the act of money laundering or other illegal activity, one cannot deny the fact that there are demand in cryptocurrency usage (in legal and ethical manner). Every new innovation requires time for the society to adapt and regulate. 

CONCLUSION

To mitigate its high volatility of cryptocurrency, I only used 2.5% of total value (at that material time) of my portfolio to invest in XRP. Though XRP in my portfolio is currently down by 40%, such risk has been mitigated through my others investment in companies shares investment.

RESULTS

Since the inception of our fund in May 2020, we have been up close to 43.11%. We are still able to maintain our risk level at 4 as can be seen from the “average risk score”.

Stay safe.

Norman 

MNMLH 

31.05.2021

[INVESTMENT] MEMO – 25.05.2021

ACTIVITIES

For the past week, I made some adjustment to my portfolio. I have added the following positions:- 

1. NETFLIX
2. DISNEY
3. VISA

I have invested in the following new companies as well:- 

1. COUPANG
2. INTUITIVE SURGICAL, INC
3. BAOZUN INC

I have always been looking at INTUITIVE SURGICAL for quite some time now and I strongly believe this is a company that which I can own for long term.

RISK

As you may have aware that I have invested in a cryptocurrency, XRP last week. And cryptocurrency is having a rough week due to its high beta. My XRP is currently down close to 30% and so far this is my biggest paper loss.

However, I am not too worried about this paper loss because before my investment in XRP I have already made a calculated risk in this cryptocurrency investment. As you all can see that my allocation to this investment is only about 2.5% out of my total portfolio value and I will keep the portion of cryptocurrency out of my whole portfolio as low as possible. My intention in of buying XRP Ripple is to hold it for quite some time.

RESULTS

Since the inception of our fund in May 2020, we have been up close to 40.69%. We are still able to maintain our risk level at 4 as can be seen from the “average risk score”.

Stay safe.

MNMLH

25.05.2021

[INVESTMENT] MEMO - 14.05.2021

Indeed a rough week for S&P500, NASDAQ and DOW JONES.

WATCHLIST

Over the past 12 months i have been enlisting companies that I feel comfortable with into my watchlist. They are companies both listed in HKSE and USA.

HKSE: Meituan, Xiaomi, PingAn

USA: Netflix, Microsoft, Disney

COMPANIES

Due to this week’s rough declines, I have taken this opportunity to add more position to my portfolio. I have added more fund to PingAn and Netflix which I strongly believe they are going to do very well in the next 5 to 10 years.

Apart from that, I have opened a few new positions in Meituan, Microsoft and DISNEY. I may talk about them in details as to why I invested in these great companies. In short, the main reason of my investment is that all these companies have a strong business moat and market share in their respective industry.

I may add more position to DISNEY in the near future. It has just released its earning results and it has missed on its subscribers and revenue. However, I believe DISNEY is able to utilise and monetise its IP strongly once again when the economy is opening up.

RISK

Further to the above, I also allocated a small portion of the fund to invest in a cryptocurrency. The fund I used to invest in cryptocurrency is only about 2.5% out of the value of my portfolio. 

I bought XRP Ripple and intent to hold for quite some time. This is the first time ever I touched on cryptocurrency. I fully understand the risk behind such move and I intent to keep the portion of cryptocurrency out of my whole portfolio as low as possible.

Stay safe.

Norman Liew

MNMLH

14.05.2021

[INVESTMENT] MEMO - 03.05.2021 on eToro

I invested another new great company this week. Further to that, I also added more position to a long-standing Chinese company to my portfolio. If you have followed me, the great company I mentioned above is ...... NETFLIX.

NETFLIX

Its share price has dropped around 10% due to the reason that it is expected to add 6 million new subscribers in the last quarter. But when the results are released, it only added 4 million new subscribers. The management explained that the reason for the slowdown in member growth was because of the significant pace of signups during year 2020. As people anticipated being cooped up or locked down at home during the pandemic, they signed up to Netflix as their home entertainment.

The explanation given by the management does make sense. If we look at the numbers, I am actually not too worried because over the past few quarters Netflix have had achieved organic growth. Netflix also anticipates free cash flow in year 2021 at break-even and to turn positive in 2022. Fundamentally, for now, such expectation is still valid.

Netflix is my long-term investment in this platform and I will hold it forever unless there are any substantial changes to its fundamental.

To me, Netflix is the future of television network.

PING AN

I have added positions in a Chinese company called PIGNAN. Its share price has slipped close to 10% also since my last investment.

The slipped of share price was mainly because it took a hit from its exposure to a troubled property developer, taking a slice off its first-quarter profits.

Though PingAn suffered its first fall in annual net profit since 2008, its fundamental is still rock solid. Therefore, I seized this opportunity to add more position to this company for my long-term investment in greater China insurance development and prospect.

Since the inception of our fund in May 2020, we have been up close to 42.51%. April 2021 was a great month as we were up 6% solely in April 2021. We are still able to maintain our risk level at 4 as can be seen from the “average risk score”.

Stay safe.

Norman Liew

03.05.2021

[INVESTMENT] MEMO – 10.02.2021

Hello everyone. This is my first memo in year 2021.

There is no transaction on my side in 2021. However, I am considering in adding some position to $AAPL (Apple) mainly due to its positive financial performance and great economic moat.

APPLE obtained both revenues and earnings expectations when it released its financial results. Revenue and EPS were $111.4 billion and $1.68 respectively. Revenue was up by 21% compared to Q4 of 2019 and net income rose 29%.

What I saw here is an opportunity for me to build a position on $AAPL because despite the strong revenue and earnings as shown above, its share price was down.

Since the inception of our fund in May 2020, we have been up close to 30% We are still able to maintain our risk level at 4 as can be seen from the “average risk score”.

For those who celebrate LUNAR NEW YEAR, I wish you HAPPY LUNAR NEW YEAR.

[KITCHEN] Panna Cotta

 

休闲的周末

就是要来做一个软绵绵的意大利式甜点

意式奶凍 PANNA COTTA

【意式奶冻是一道意大利甜点，源自意大利西北的皮埃蒙特大区。这一甜点的确切来源已不为人知，不过一些观点认为，意大利北部非常流行的奶油，历史上人们会食用天然或加了糖的口味，吃的时候会配上水果或是榛子。】-历史资料取自 http://fr.hujiang.com/new/p417256/

材料：

1. 牛奶 250毫升

2. 鱼胶粉（Gelatin）3茶匙

3. 糖 60克

4. 鲜奶油 250毫升

5. 盐少许

6. 香草精华 少许

做法：

1. 将牛奶倒入锅内，加入鱼胶粉和糖混合。必须让鱼胶粉和糖完全溶解。可以加热，但必须不可超过30‘摄氏度。不可将牛奶煮至沸腾。

2. 倒入鲜奶油，盐和香草精华，搅拌。混合后就可以倒入6个小杯内或小模杯内，放入冰箱（千万不可放入急冻的冰箱）。2-3小时后就可以摆盘和享用了！

[INVESTMENT] My view on the mania of GameStop and AMC

The share price of brick and mortal video game retailer, GAMESTOP and movie theatre giant, AMC Entertainment soared to a new level as there was an alleged revolt from Reddit users against Wall Street fund.

What I see here is the speculators are taking hug risk and pushing the company to the edge of a big canyon. Did these speculators thinking about what will happen if they are stuck with the stocks when the fundamental goes wrong? This is a high risk, emotional and dangerous moves which may go wrong at any point in time.

As I have indicated constantly that such trading style is not my game. However, I will keep watching the drama unfolding itself.

 

 

[TRAVEL] BANGKOK 天使之城 - 暹罗之恋

 曼谷(Bangkok)，是泰国的首都和最大城市，别名“天使之城”，为泰国政治、经济、贸易、交通、文化、科技、教育、宗教与各方面中心。

曼谷魅力非凡，我5年里到访了4次！有两年还特地飞去欢度一年一度的泼水节（SONGKRAN）。回国后还想再次回去“朝圣”。我看，我是上瘾了～

曼谷有哪些地方好玩？哪些地方如此吸引着我？坦白说，我也说不上来。可能是泰国人的热情，曼谷的食物，曼谷的7-11便利店，曼谷的购物商圈，曼谷的夜生活，曼谷的华丽，又或是曼谷的文化。

在曼谷，大街小巷挂满了泰国国王，王后的照片。无路是在繁华的街道上，都有着金碧辉煌的神佛像。最为富丽堂皇的建筑物就是那鼎鼎大名的“大皇宫”( 也叫大王宫)。大皇宫(GRAND PALACE)紧靠着湄南河东岸，是曼谷王朝的象征。我必须说，我爱上了这大皇宫！里面的建筑题材，雕像，摆设，金碧辉煌，保存完善，让人不免惊叹！建筑风格暹罗式风格,汇集了泰式绘画,调课和装饰/装置艺术的精华。我想再旧地重游多一次。我的曼谷朋友BOSS说，泰王深受人民爱戴。他说，泰王一直与泰国百姓同忧，也与百姓同乐。

这里不管我怎么写,始终无法将曼谷全貌说清楚讲明白。只想明年我希望我能再次回到天使之城，双手合十，屈膝行礼，跟我曼谷朋友说，“SAWADEE KRUB”。也要把泰国风情的佛教建筑映入眼帘。